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A big FEG press conference took place today where it was announced that FEG are partnering up with Chinese investment bank PUJI CAPITAL. They are aiming at taking K-1 and DREAM global and PUJI will help with funds and other know-how.

Since Japan has been left behind in the Kakutougi (Combat Sports) world they want to build the worlds largest fighting company once again and taking over the Asian market will be the first step in that plan.

FEG president Tanikawa was present at the press conference and said that FEG is not being sold and that it won’t disappear. FEG will devote themselves to what they’re good at while PUJI will take care of their fields of expertise such as fundraising. PUJI are a business partner for the sake of K-1 and DREAM going international.

PUJI CAPITALS Managing Partner Michael Chen was present at the press conference. He said that investment company PUJI Holdings (part of PUJI Holdings) was established 6 years ago. Their base is in Shanghai and they are expanding to Beijing and Singapore. The PUJI group cover a lot of ground in their projects like natural resources stuff (oil, coal, etc). By request from the Chinese government they are also expanding into Australia and Africa.

Them and FEG have created something called SPV (Special Purpose Vehicle). They have a big network including Europe, North America, Asia, etc. and FEG will be another one of their partners. They will be a strategic advisor as FEG take their enterprise to the global market.

According to FEG president Tanikawa they started talking with Puji in October of last year and serious talks about a partnership started in early spring of this year.

Chen said that they are aiming at raising 230-345 million USD for FEG during the first three years of the partnership...read more?